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Jul 15, 2011 11:00am EDT
to emphasize is we have a unique opportunity to do something big. we have a chance to stabilize america's finances for a decade or 15 years or 20 years. fw we' if we're willing to seize the moment. what that would require is some shared acura fisacrifice and a approach that says we are going to make cuts in domestic spending. i have already said that i'm willing to take domestic spending down to the lowest percentage of our overall economy since dwight eisenhower. it also requires cuts in defense spending. and i've said that in addition to the $400 billion that we already cut from defense spending, we're willing to look for hundreds of billions more. it would require us taking on health care spending, that includes looking at medicare and finding ways that we can stabilize the system so that it is available not just for this generation, but future generations. and it would require revenues. it would require, even as we're asking the person who needs a student own loloan or the senio citizen or people, veterans who are trying to get by on the disability check, even as we're trying to mak
Jul 11, 2011 11:00am EDT
about $2.4 trillion in cuts in an effort to avoid raising taxes. >> to get a big tax package we need increases in a situationing difficult. with unemployment, we have a terrible idea it is a job killer. >> what's really appalling is to see our republican colleagues to provide a form of extortion. if you don't agree to deficit reduction the way we want it, we are going to put all these jobs at risk. >> treasury secretary timothy geithner says that if the debt ceiling sing not raised by august 2, it could have catastrophic consequences on the global economy. >>> president obama is expected to hold that news conference we mentioned on debt limit negotiations at any minute now. as soon as he steps to the podium we will bring the entire news conference live right here on nbc4. >>> take a look outside now. it is getting hotter. it could be dangerous, code orange, i believe, it is now. tom kierein has been keeping an eye things. we had a nice weekend. a hot one, however. as we look at the sky we can see a lot of haze out there and humidity is back with us. tom will be joining us in just a m
Jul 28, 2011 11:00am EDT
start coming out here saturday morning. wendy, back to you. >> all right. going to be a big season, we hope. thanks, elaine. there are a number of new faces in that camp today. the skins just acquired josh wilson, ex-jets new york quarterback, clemmons, donte stallworth, jabbar gaffney, and defensive tackle, barry cofield. initially we heard that brandon stokley agreed to sign, but according to his agent, he has now changed his mind. the big story yesterday, of course, was not who is coming on to the redskins, but who is leaving. donovan mcnabb. they dealt their former quarterback to the minnesota vikings for a sixth round pick in next year's draft, and they could get another pick in the future based on mcnabb's performance in the coming season. >>> all right. what's it going to be like there out at camp and across our area? it's not looking real clear and crisp out there, tom, it's looking kind of gross. >> you don't want to be wearing a helmet and pads in temperatures around 100 degrees. that's what it's going to be like tomorrow. but today we've got a glorious summer day underway. t
Jul 27, 2011 11:00am EDT
: but then a big setback tuesday night. the congressional budget office did the math and found the boehner plan came up short on spending cuts. $150 billion less than expected. speaker boehner responded, "this is what can happen when you have an actual plan and submit it for independent review -- which the democrats who run washington have refused to do." a real hurdle. house republicans stayed late and top aides went in search of deeper cuts. the vote delayed. more trouble came from an agency that rates the country's credit. appearing on cnbc tuesday night, standard & poor's was critical of the boehner plan's two stages for raising the debt limit. >> we would be concerned if we thought that the debt ceiling debate would come back and be opened and we'd have to go through all of this again and again and again. >> and that would be a negative in your view? >> that would be a negative in our view. >> reporter: the white house urged congress to take the deadline seriously. >> but it is whistling past the graveyard to suggest that this is some sort of game and that we're not serious and that the ri
Jul 29, 2011 11:00am EDT
money, there's a big trickle-down effect. it costs companies more, it costs individuals more. and that means people and company will have less money to hire, they'll have less money to spend. that's bad for the economy overall. >> not only does the federal government borrowing costs go up by over $100 billion, but the same thing with states, and it will go right downstream. >> reporter: so americans could also get local and state governments get their credit ratings downgraded as well. it looks like it's going to be another long -- >> elaine, thank you so much for that report. we're losing her audio there. we'll soon have a better idea of what the district plans to do if a debt deal is not reached. according to the "washington examine examiner", kwame brown asked the city's chief financial officer and members of mayor gray's administration to brief the council on the district's debt crisis contingency plan. that meeting will be held on monday. >>> a truck driver is facing charges today after police say he caused a major accident that snarled traffic on 95 in woodbridge. polic
Jul 26, 2011 11:00am EDT
for the future? any big events? a >> absolutely. i think the biggest thing right now is just getting through the european and american tour. this is a big deal for me. it's really just spreading my wings and taking my music to the world. and when i get done with the american tour, i go back home for another tour in south africa. so a very busy year ahead. i'm shooting my second dvd. and it's really in the next five years just to see how far i can take my music in the world. >> we wish you luck in doing that and wish you luck in filling the kennedy center on thursday. is it an evening performance? >> it is, indeed. and again, it's such feel-good music, such beautiful, authentic music. i think if you can, please come through. it's a wonderful experience. >> lira, thank you so much. that's lira from south africa. thanks very much for coming. >>> it's now 11:27. coming up, the postal service is considering closing more than one in ten of its retail outlets. what that means for post offices in your area. >>> plus, tom kierein lets us know when the extreme heat and humidity will return. >>> and sh
Search Results 0 to 5 of about 6